The pair is trading along an bullish trading pattern.
An uptrend will start as soon as the pair rises above resistance level 1.5655, which will be followed by moving up to resistance level 1.5765/75 and if it keeps on moving up above that level and resistance 1.5800.
An downtrend will start as soon as the pair drops below support level 5555.
Resistances: 1.5655, 1.5770, 1.5800, 1.5960
Supports: 1.5615, 1.5550, 1.5460, 1.5340
An uptrend will start as soon as the pair rises above resistance level 1.5655, which will be followed by moving up to resistance level 1.5765/75 and if it keeps on moving up above that level and resistance 1.5800.
An downtrend will start as soon as the pair drops below support level 5555.
Resistances: 1.5655, 1.5770, 1.5800, 1.5960
Supports: 1.5615, 1.5550, 1.5460, 1.5340
By
M.Zohaib Gadit
Forex Trading Consultant
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